Crypto futures platform ErisX has been handed a derivatives clearing organisation license to clear physically delivered digital asset futures.
Clearing and settlement service to address key challenges for digital asset institutional investors such as security risk and inefficient capital allocation.
More fund administrators could enter the crypto asset servicing space in the coming months according to PwC, which highlighted the importance of independent valuation from traditional providers.
Industry veteran Nick Carmi has also held senior roles at Deutsche Bank, and worked at Barclays, Lehman Brothers, UBS and Credit Suisse early in his career.
DTCC's global head of market advocacy and innovation says asset managers and pension funds are still waiting for the right infrastructure for the trading and custody of digital assets.
Custodian teams up with trading venue operator Intercontinental Exchange to set up private key storage.
Cryptocurrency exchange makes move to reach regulatory custody approval through acquisition of crypto custodian.
Singapore-based digital asset custodian begins onboarding clients and announces partnership with Accuity.
Institutional money requires institutional-level custody. Third-party custody of traditional assets is an established and secure service offering, but these services are not readily applicable to digital assets, says Jeanette Turner, chief regulatory officer, Compliance Solutions Strategies.
A DTCC white paper outlines the post-trade responsibilities that should be undertaken to enhance security for token platforms.